As written in my previous blog, revision in Pension Law will be enforced in April 2021, that will extend upper limit for calculation of lump sum withdrawal payment, from the current 3 years to 5 years. Scope of cases that the new upper limit of 5 years is applied is publicized at Japan Pension Service […]
Following the previous post, revisions in Pension laws is Japan has been approved by Japan’s Diet on May 29, 2020. The revisions include the following amendments that are relevant to the world talents in Japan. Public pensions National and Employee Pensions: Upper limit is extended to 5 years from the current 3 years when lump-sum […]
Social Security Council of Ministry of Health, Labor and Welfare (MHLW) is considering law amendment to extend the upper limit to 5 years when amount of lump-sum withdrawal refund is calculated. It aims to implement it during fiscal year of 2020. As described in pages of this site (Employee Pension and National Pension), the current […]
It is mandatory even for a world talent resident in Japan to participant public pension programs, National Pension and Employees Pension. At least 10 years of pension coverage period is however required to become eligible for old-age pension. This means that a world talent, leaving Japan after residency for shorter than10 years, would end up […]